BlockFi said in a Twitter post that the move will apply to ethereum, chainlink, PAXG, uniswap and BAT. As for bitcoin, litecoin and stablecoins, BlockFi noted that customers will continue receiving one free withdrawal per month. Additional withdrawals beyond that will incur fees that will vary by coin. Source link … [Read more...] about BlockFi Ends Free Withdrawals for Some Coins, Citing High Ethereum Network Costs
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BlockFi, Neuberger Berman File for Spot Bitcoin ETF
A joint venture between crypto lender BlockFi and investment management firm Neuberger Berman filed for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission.Notably, the BlockFi NB Bitcoin ETF would offer shares reflecting the spot value of bitcoin held by the trust.Shares issued by the trust would trade on the New York Stock Exchange and … [Read more...] about BlockFi, Neuberger Berman File for Spot Bitcoin ETF
BlockFi starts shipping Visa-backed Bitcoin rewards credit cards
New York-based crypto loans and savings startup BlockFi launched its Bitcoin (BTC) rewards credit card today. The card is available to select approved customers on the United States waitlist. Officially named BlockFi Rewards Visa Signature Credit Card, the card was first announced at the end of last year by Visa and BlockFi. Available to use anywhere Visa is accepted, the card … [Read more...] about BlockFi starts shipping Visa-backed Bitcoin rewards credit cards
BlockFi users say they can’t withdraw funds after 701 Bitcoin blunder
Users of the crypto lending platform BlockFi are reporting difficulties in withdrawing funds. This comes after a promotional campaign in which over 701 Bitcoin was given away by mistake.Some users say they have received legal threats as the firm tries to recovery the Bitcoin. The incident puts the spotlight on the risks of using centralized exchanges once again.BlockFi wants … [Read more...] about BlockFi users say they can’t withdraw funds after 701 Bitcoin blunder
Crypto bank BlockFi reaches $3 billion valuation after $350m raise
BlockFi, one of the leading crypto lenders, raised the mammoth amount in a recent Series D round.BlockFi’s big dayCrypto lender BlockFi has raised over $350 million in a Series D round and is now valued at over $3 billion, the firm said in a release today. The firm is one of the few reputed ‘CeFi’ firms that allow people to earn a yield on their cryptocurrencies—6% on Bitcoin … [Read more...] about Crypto bank BlockFi reaches $3 billion valuation after $350m raise